COMMITMENTS AND CONTINGENCIES Operating leases (Details Narrative) |
12 Months Ended |
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Dec. 31, 2019
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Incremental borrowing rate description | The Company used an incremental borrowing rate of 5.5% at January 1, 2019 for all leases that commenced prior to that date. |
ROU assets obtained | $ 167,000 |
New York City [Member] | |
Rental cost per month | $ 3,900 |
Expiring date | May 31, 2020 |
New Canaan CT [Member] | |
Rental cost per month | $ 7,850 |
Expiring date | March 31, 2020 |
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- Definition This element represents the payments that the lessee is obligated to make or can be required to make in connection with a property under the terms of an agreement classified as an operating lease, excluding contingent rentals and a guarantee by the lessee of the lessor's debt and the lessee's obligation to pay (apart from the rental payments) executory costs such as insurance, maintenance, and taxes. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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